Bitcoin is retesting a crucial structural support level around $112K after its recent local top near $120K. This zone previously acted as resistance and is now being tested as support — a textbook bullish continuation signal if it holds.
Historically, these flips (from resistance to support) have triggered strong upside momentum, as seen after the $78K breakout earlier this cycle. However, failure to hold this level could open the door for a deeper correction toward $100K or even the $90K region.
This chart outlines the major structural zones:
Long-term accumulation base near $70–78K
Resistance flip zone at $110–112K
Local resistance near $120K
📌 If bulls defend this zone and reclaim momentum, we could see another push toward cycle highs. If not, patience is key — the next high-conviction entry may come lower.
How are you positioning around this zone? Let me know in the comments 👇
Historically, these flips (from resistance to support) have triggered strong upside momentum, as seen after the $78K breakout earlier this cycle. However, failure to hold this level could open the door for a deeper correction toward $100K or even the $90K region.
This chart outlines the major structural zones:
Long-term accumulation base near $70–78K
Resistance flip zone at $110–112K
Local resistance near $120K
📌 If bulls defend this zone and reclaim momentum, we could see another push toward cycle highs. If not, patience is key — the next high-conviction entry may come lower.
How are you positioning around this zone? Let me know in the comments 👇
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Strategy Builder • Explorer • Optimizer
Create strategies, explore thousands of TradingView ideas, & backtest at scale across symbols, timeframes, & parameters.
🌐 quanttradingpro.com
💬 Research & discussion: discord.gg/2systG9frc
Create strategies, explore thousands of TradingView ideas, & backtest at scale across symbols, timeframes, & parameters.
🌐 quanttradingpro.com
💬 Research & discussion: discord.gg/2systG9frc
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.